CHINOOK OVERVIEW The Montney Assets Highlights Concentrated, development ready Montney project Minimal non-core assets after five years of rationalization Directly offset by significant development activity Well delineated land…
Q3 & YTD Sept 30, 2018 Unaudited Results YTD 2018 capital program included the drilling of two (2.0 net) vertical Montney delineation wells in the Birley area, largely funded by a 2.0 million flow-through share issuance completed on…
NEBC Montney Play Summary Schematic Demonstrating the Canadian NEBC Regional Infrastructure Gas Resource Play Petroleum System Commercial sweet spots generally have some combination of superior reservoir quality, high liquids…
Greater Birley Area Montney Recent Activity Highlights Map Historical Well Results by Lateral Length (1) Cum. Gas /100m (MMcf) Lateral Length (m) Avg. Hz Length Wells Drilled Wells Drilled Polar Star 2,500 100 300 5 Montney 2018…
Birley Montney Reservoir Quality A A MARTIN VERTICAL WELL BIRLEY VERTICAL WELL 13 km b-2-H/94-H-5 d-84-L/94-H-3 17 km A GR Log Porosity Log LS Scale Resistivity Log 20 ohm-m Cutoff Gas Log GR Log Porosity Log Resistivity Log Gas…
Birley Montney Prod, Pay, CGR, Press Montney Cum Production Bubbles Montney Free Condensate Gas…
BIRLEY Drilling & Completions Well Optimization Historical D&C Costs Drilling & Completion Evolution Capital Cost/100m (MM) (M) 10.0 750 Drilling 2014-2016 8.9 Phase 1 Wells ranged between 1,200-1,300m in lateral length with 18…
BIRLEY Well Economics Birley Montney CKE Type Well Unrisked Economics1 1,800m HZ w 35 Frac Stages, Well On Existing Pad (No Const Costs)2 Flat Pricing - STN 2 1.89/GJ, Cond 78/ BBL (March 5/18 spot) IP90 1,053 BOE/D 5.3 mmcf/d + 165…
A Montney Focused Growth Story Moderated growth plans in 2018 is not reflective of the quality of Chinooks assets at Birley/Umbach or Martin. We will resume drilling and growth based activity into stronger natural gas prices…
CHINOOK FINDING & DEVELOPMENT COSTS Net of Acquisitions & Dispositions(2) All-In(3) ( millions, except per unit amounts) 1P 2P 1P 2P (1) 2017 capital expenditures 39.4 39.4 21.6 21.6 Net change from previously allocated FDC 9.5…
2018 Hedging Positions We have entered into the following hedges to secure future cash-flows: (1) NYMEX is the abbreviation for the New York Mercantile Exchange. (2) WTI is the abbreviation for West Texas Intermediate.…
Tax Pools We have the following tax pools as at December 31, 2017: chinookenergyinc.com 18
Flow-Through Share Issuance On December 11, 2017, we completed the private placements of 6,450,000 common shares on a flow-through basis at a price of 0.31 per flow-through common share for total gross proceeds of 2.0 million. The…
Contact Chinook Walter Vrataric, President & CEO www.chinookenergyinc.com Chinook Energy Inc. T: 403.261.6883 Suite 1000, 517 10th Ave SW F: 403.266.1814 Calgary, Alberta, Canada T2R 0A8